Welcome to Kyro’s weekly technology roundup, your go-to source for all the latest updates in the world of construction management.

In this edition, we bring you a curated collection of articles and insights that will keep you well-informed and ahead of the curve.

Funding and M&A

Robotic homebuilding startup BotBuilt raises $12.4M

BotBuilt Inc., a startup using robots to speed up residential construction projects, has raised $12.4 million in seed funding to finance growth initiatives.

TechCrunch reported the investment. BotBuilt’s backers are said to include Y Combinator, Ambassador Supply, Shadow Ventures and Owens Corning, a publicly traded building supplies provider. The capital infusion gives the company a post-money valuation of $35 million.

Innovations & Alliances

Bentley Systems wins three top honors at the 2023 Construction Computing Awards

Infrastructure engineering software firm Bentley Systems has announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions

2024 Construction, Cost and Project Management Predictions & Trends

The new year is on the horizon and Thomas & Adamson (T&A), the international project management and cost consultancy firm, expects the construction industry’s evolution in 2024 will be fuelled by a mix of existing trends and fresh drivers. Rising raw material prices, labour shortages, higher labour costs, high demand, high competition, and government policies all influenced the built environment in 2023.

How PlanRadar is helping construction sector digitalise operations

PlanRadar was born out of a need to simplify the challenges faced by the construction industry by way of digital solutions. The Vienna-based property technology start-up, which has operations in the Middle East, offers a full-service construction and real estate management platform.

Founded in 2013, PlanRadar is a platform and device-independent cloud-based Software as a Service (SaaS) field management solution for documentation and communication in construction and property projects. It can be used for fault and task management, maintenance, building inspections, construction documentation, handovers and more.

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Contractors and Construction

What We're Reading

• Aedo Joins Procore App Marketplace

• Buildings account for a third of global energy use

• Almost 35% of construction contractors are using or budgeting for machine control technologies

• Plans abounding for new sports stadiums across the US, carrying hefty public costs

• Construction will reap rewards from AI, but so will owner agencies and capital planners

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